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9 June 2020 Partial Award in Arbitration SingPost
https://links.sgx.com/FileOpen/SGX%20Ann...eID=616874
Mr Tan Ho Sung@Taufiq Tan commence an arbitration against SingPost.
18 Jan 2013 Following initial acquisition of 62.5% of Famous Holdings Pte Ltd (FHPL) from Mr Tan, the remaining 37.5% of the shares (from Mr Tan) is to be determined based on final valuation of FHPL group
2017 Both parties has differences on final valuation and Mr Tan commenced arbitration proceedings against SingPost
3 Jun 2020 Dismissed Mr Tan's claims for damages for breach of the shareholders' agreement, conspiracy and inducement of breach of contract. Directed both parties to agree on the final amount payable for transferring of Mr Tan's remaining 37.5% shares in FHPL. Failing which the tribunal will make a final determination.
Stay home and stay safe, valuebuddies.
https://links.sgx.com/FileOpen/SGX%20Ann...eID=616874
Mr Tan Ho Sung@Taufiq Tan commence an arbitration against SingPost.
18 Jan 2013 Following initial acquisition of 62.5% of Famous Holdings Pte Ltd (FHPL) from Mr Tan, the remaining 37.5% of the shares (from Mr Tan) is to be determined based on final valuation of FHPL group
2017 Both parties has differences on final valuation and Mr Tan commenced arbitration proceedings against SingPost
3 Jun 2020 Dismissed Mr Tan's claims for damages for breach of the shareholders' agreement, conspiracy and inducement of breach of contract. Directed both parties to agree on the final amount payable for transferring of Mr Tan's remaining 37.5% shares in FHPL. Failing which the tribunal will make a final determination.
Stay home and stay safe, valuebuddies.